The monthly inflation rate in Argentina declined sharply to 1.5 percent in April 2020 from 3.3 percent in March, below market expectations of 1.8 percent. Softer decline was mainly explained by subdued demand-side pressures due to the national lockdown to curb the pandemic. The increase was mainly explained by a decrease in inflation for food & non-alcoholic beverages prices (3.2 percent vs 3.9 percent in March). Meantime, education prices dropped 1.5 percent after soaring 17.5 percent in March, while prices of clothing & footwear rose by 1.5 percent after climbing 4.2 percent. Also, prices for communication declined 4.1 percent in the month and prices for utilities remained unchanged. On an annual basis, the inflation rate was 45.6 percent compared to 48.4 percent, falling for the fourth straight month.
Inflation Rate Mom in Argentina averaged 2.47 percent from 2014 until 2020, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.30 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.30 percent in 2021 and 2.40 percent in 2022, according to our econometric models.